Of the alternative documentation used, bank statements looking back 12-23 months, accounted for 41.6% of that group.
House Speaker Mike Johnson, R-La., reportedly plans to send the recently passed housing bill to the White House on Monday, starting a 10-day clock for the president to sign the bill.
The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
Half the borrowers are self-employed, and 21.5% of the mortgages have multiple borrowers.
Banks could restart mortgage servicing businesses and strengthen the RMBS market.
Christopher Phelan, President Donald Trump's nominee to chair the Council of Economic Advisers, declined to directly answer questions about recent inflation data and the effects of tariffs on consumers during a Senate confirmation hearing Thursday.
